Three internet fraudsters have been apprehended by the Economic and Financial Crimes Commission, EFCC, for their alleged involvement in phony online purchases from designated auction sites.
The suspects identified as Davies Ayomide Rapheal, Adeyemi Adewumi Segun and Oyewole Segun confessed to have accomplices abroad.
They were arrested by the operatives of the Commission following tip-off.
The leader of the gang, Raphael, aged 27 confessed he poses as a buyer on auction sites, particularly where cars are sold.
"I usually pose like a genuine buyer and engage any seller in a bid to purchase a car.
"After the seller had agreed to the terms of purchase, I go online to edit any PayPal receipt online to reflect whatever agreement reached which includes cost of purchase and the accrued percentage for shipping.
"Our cohorts abroad, collect the shipping cost which had been added to the cost of the car on the PayPal receipt and send it to either Adeyemi or Oyewole who receives it in Nigeria for us to share."
Raphael, a drop-out said he recruited his colleagues, Adeyemi and Oyewole into the syndicate to raise money to pursue his dream of becoming a music star.
He also confessed to have been involved in romance scam where he got $250 from an Australian.
"I made about N2.5m from the various scams from which I bought a car, Honda Accord (EOD)."
The other suspect, Oyewole, confessed that he collects their proceeds through one of his accounts domiciled in one of the new generation banks.